OpenAI in talks to raise as much as $100 billion, could be valued at $750 billion

OpenAI is in talks with tech giants and Middle Eastern sovereign wealth funds to raise as much as $100 billion in a new funding round that could value the company at $750 billion or more, the New York Times reported on Jan. 29, 2026. The discussions, which the Times said involved Nvidia, Amazon, Microsoft and SoftBank, are fluid, the people familiar with the talks said, and $100 billion is just one possibility.

Five people with knowledge of the negotiations spoke on the condition of anonymity, the report said. OpenAI is currently valued at $500 billion, the article said, and is considering an initial public offering as soon as this year. The company is unprofitable and charging subscription fees for ChatGPT and other software: it reached $13 billion in revenue last year and expected to triple that this year, the Times reported.

The report said OpenAI plans to spend $115 billion between 2025 and 2029 and has committed to $1.4 trillion in long-term spending on computing power. The company closed its previous funding round in March, and the last of the $40 billion raised then was wired to OpenAI at the end of last year, the story said.

OpenAI has raised money from partners that supply products and services, including prior investments from Nvidia, Microsoft, SoftBank and the United Arab Emirates. The Times noted a fall deal to buy chips from Nvidia that also included a $100 billion investment from the chip maker.

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